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Paul has ideas for cutting spending

U.S. House GOP leaders are struggling to honor their campaign pledge to cut $100 billion in federal spending. But Sen. Rand Paul, R-Ky., has some specific suggestions. His "modest proposal" to cut $500 billion includes scaling back the U.S. Commerce Department's spending by 54 percent and cutting wasteful spending in the Defense Department. He also says that his proposed cuts to the departments of Agriculture and Transportation would create more than $84 billion in savings, and that eliminating the U.S. Department of Education could save nearly $80 billion. "The solution to the government's fiscal crisis must begin by cutting spending in all areas, particularly in those that can be better run at the state or local level," Paul wrote.

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